Hemran Limited 2409590 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is investment in property. Digita Accounts Production Advanced 6.30.9574.0 true true 2409590 2022-04-01 2023-03-31 2409590 2023-03-31 2409590 core:RetainedEarningsAccumulatedLosses 2023-03-31 2409590 core:ShareCapital 2023-03-31 2409590 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 2409590 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 2409590 core:FurnitureFittingsToolsEquipment 2023-03-31 2409590 bus:SmallEntities 2022-04-01 2023-03-31 2409590 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 2409590 bus:FullAccounts 2022-04-01 2023-03-31 2409590 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 2409590 bus:RegisteredOffice 2022-04-01 2023-03-31 2409590 bus:Director1 2022-04-01 2023-03-31 2409590 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 2409590 core:OfficeEquipment 2022-04-01 2023-03-31 2409590 countries:AllCountries 2022-04-01 2023-03-31 2409590 2022-03-31 2409590 core:FurnitureFittingsToolsEquipment 2022-03-31 2409590 2021-04-01 2022-03-31 2409590 2022-03-31 2409590 core:RetainedEarningsAccumulatedLosses 2022-03-31 2409590 core:ShareCapital 2022-03-31 2409590 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 2409590 core:Non-currentFinancialInstruments core:AfterOneYear 2022-03-31 2409590 core:FurnitureFittingsToolsEquipment 2022-03-31 iso4217:GBP xbrli:pure

Registration number: 2409590

Hemran Limited



Filleted Unaudited Financial Statements

for the Year Ended 31 March 2023

 

Hemran Limited

 

(Registration number: 2409590)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

550

550

Investment property

5

1,024,904

1,024,904

Investments in joint property syndicates

6

(4,141)

(18,075)

 

1,021,313

1,007,379

Current assets

 

Debtors

7

128,022

128,296

Cash at bank and in hand

 

280

441

 

128,302

128,737

Creditors: Amounts falling due within one year

8

(687,595)

(35,123)

Net current (liabilities)/assets

 

(559,293)

93,614

Total assets less current liabilities

 

462,020

1,100,993

Creditors: Amounts falling due after more than one year

8

(13,922)

(681,360)

Provisions for liabilities

 

Deferred tax liabilities

 

(30,160)

(30,160)

Net assets

 

417,938

389,473

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

36,852

8,387

Non-distributable reserve

 

380,986

380,986

Total equity

 

417,938

389,473

 

Hemran Limited

 

(Registration number: 2409590)
Balance Sheet as at 31 March 2023

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 20 March 2024
 

.........................................
A Frenkel
Director

 

Hemran Limited

 

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
2nd Floor - Parkgates
Bury New Road
Prestwich
M25 0TL
United Kingdom

These financial statements were authorised for issue by the director on 20 March 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Investment in Joint Property Syndicates

Investments in syndicates are accounted for under the equity accounting method.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Hemran Limited

 

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office Equipment

20% Reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors. The directors use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Hemran Limited

 

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 6 (2022 - 6).

 

Hemran Limited

 

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2022

919

919

At 31 March 2023

919

919

Depreciation

At 1 April 2022

369

369

At 31 March 2023

369

369

Carrying amount

At 31 March 2023

550

550

At 31 March 2022

550

550

5

Investment properties

2023
£

At 1 April 22

1,024,904

At 31 March 23

1,024,904

There has been no valuation of investment property by an independent valuer.

The historical cost of the property is £563,854

 

6

Investments in joint property syndicates

 

Hemran Limited

 

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

£

Capital as at 1 April 2022

(18,075)

Surplus/Deficit

18,934

Repayments

(5,000)

At 31 March 2023

(4,141)

7

Debtors

Current

Note

2023
£

2022
£

Amounts owed by related parties

50,393

50,393

Other debtors

 

77,629

77,903

   

128,022

128,296

8

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

35

35

Accruals and deferred income

5,163

4,263

Other creditors

669,937

22,461

Corporation tax liability

8,537

4,440

Director current accounts

3,923

3,924

687,595

35,123

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

13,922

681,360

Creditors include bank loans which are secured